DATE: November 8, 2016
SUBJECT:
Title
SAN DIEGO GAS & ELECTRIC COMPANY
A) RESOLUTION ESTABLISHING RENT FOR AN UNDERGROUND UTILITY EASEMENT LOCATED AT GLORIETTA BOULEVARD BETWEEN SECOND AND THIRD STREETS IN THE CITY OF CORONADO FOR THE PERIOD OF OCTOBER 1, 2016 THROUGH SEPTEMBER 30, 2021
B) RESOLUTION ESTABLISHING RENT FOR AN UNDERGROUND UTILITY EASEMENT LOCATED AT FIRST STREET AND E AVENUE IN THE CITY OF CORONADO FOR THE PERIOD OF OCTOBER 1, 2016 THROUGH JUNE 30, 2020
C) RESOLUTION ESTABLISHING RENT FOR AN UNDERGROUND UTILITY EASEMENT LOCATED AT FIRST STREET AND B AVENUE IN THE CITY OF CORONADO FOR THE PERIOD OF OCTOBER 1, 2016 THROUGH JUNE 30, 2020
Body
EXECUTIVE SUMMARY:
The District has three underground utility easements1 with San Diego Gas & Electric Company (SDG&E) located in the City of Coronado (Attachment A) which require rent reviews. The easement located at Glorietta Boulevard between Second and Third Streets (Glorietta Boulevard Easement) is 2,500 square feet and commenced on April 1, 1991 and will end on September 30, 2036. The easement located at First Street and E Avenue (E Avenue Easement) is 19,308 square feet and commenced on November 1, 1977 and will end on June 30, 2020. The easement located at First Street and B Avenue (B Avenue Easement) is 18,693 square feet and commenced on October 1, 1976 and will end on June 30, 2020. Pursuant to all three of the easements, rent reviews are required for the next five-year period commencing October 1, 2016. Since the E Avenue Easement and B Avenue Easement are expiring soon, the rent reviews for these easements will cover the period through the termination date of June 30, 2020.
SDG&E has agreed to increase the rent to $3,800 per year for the Glorietta Boulevard Easement; $7,337 per year for the E Avenue Easement; and $20,368 per year for the B Avenue Easement, effective retroactively to October 1, 2016. The agreed-upon adjustments of annual rent for all three easements represent a 22% increa...
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